C&J Energy Services Ltd. is led by current C&J management and will be based out of Bermuda. The transaction was originally announced June 25, 2014.
Superior is interested in assets Baker Hughes Inc. and Halliburton Co. must sell during their merger, Bloomberg said. Superior, seeking international exposure, will become the fourth-largest oilfield services company.
Several batches of overlapping business lines will be unloaded to win U.S. Justice Department approval for their $34.6 billion combination, according to people with knowledge of the matter, Bloomberg said.
The subsea umbilical, riser and flowline systems (SURF) and subsea production and processing systems (SPS) will be integrated, reducing total ownership cost and increasing reliability and uptime.
Inspection Oilfield Services made about $120 million in sales in 2014, and L.B. Foster said the acquisition will be accretive to earnings in 2015.
Gary Luquette, president and CEO of Frank’s, said the transaction will allow the company to expand its presence in the U.S. land market.
CECON LLC is now a wholly owned subsidiary of Becht Engineering and will provide a broad array of science and engineering services to its clients in multiple market sectors.
The acquisition is intended to expand its technology-focused subsidiary, Petro Spring LLC.
Tervita‘s assets will support Republic’s current E&P business and will support work in several domestic basins.
It’s not clear how much the unit is worth.
The former owners of J-Mac have retained the pumping equipment integration and controls business.
Following this acquisition, the company will continue to operate independently under the name AMIK Oilfield Equipment & Rentals.
|E&P||USD 218||Members only||Southwestern Energy Co.|
|Mid||USD 500||Members only||Southwestern Energy Co.|
|Mid||USD 0||Members only||Saddlehorn Pipeline Co.|
|E&P||USD 587.5||Members only||Beaumont Energy Inc.|